Answer:
16 1/4 years
Step-by-step explanation:
Assuming interest is compounded annually, the account balance (A) after t years will be ...
A = P(1 +r)^t
3200 = 1700·1.0397^t
log(3200) = log(1700) +t·log(1.0397)
t = (log(3200) -log(1700))/log(1.0397) ≈ 16.247
The account will reach a balance of $3200 after about 16 1/4 years.
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You may be asked to round your answer to the nearest integer or tenth. We leave that exercise to the student.
Https://www.ecmweb.com/national-electrical-code/code-basics/article/20886603/dwelling-unit-calculations
The function would be f(x)=11,500-.16xPlug in 4 for x
Answer:
x=-3
y=26
Step-by-step explanation:
Answer:
1) Repaid for the loan = $239,511.60
2) Percentage = 58.2%
3) Average amount = $387.53
Step-by-step explanation:
Given :
Amount $100,000
Rate 7%
Payments 360 - $665.31
Total interest $139,511.60
To find :
1) How much will be repaid for this loan?
Repaid for the loan = Amount - Total interest
Repaid for the loan = 100,000 + 139,511.60
Repaid for the loan = $239,511.60
2) What percentage will be repaid for this loan?




3) What will be the average amount per payment for interest?


